Consultant Website with Client Blog Page

Assignment Title: Consultant Website with Client Blog Page 3 Introduction Through a practical analysis of the notorious increase in the use and issues that permeate business practices in relation to the environment, social responsibility and corporate governance. This report aims assess BICICI’s ESG strategies and subsequent implications or prospects for extra-financial performance. The objective of the paper is to provide a broad and comprehensive view of the subject, by exposing the environmental, social and governance strategy using secondary document review. In addition to presenting tangible examples of its use by the BICICI being one of the largest private banks on the Ivory Coast stock exchange, describing the its ESG strategies. Literature review Environmental, social and governance (ESG) responsibility in companies is the capital market’s vision for sustainability. This responsibility encourages companies to adopt measures that generate positive socio-environmental and corporate governance impacts, while boosting their financial results on the stock exchange. These practices are the translation of the term environmental, social and governance, or simply the acronym ESG, which can be understood as the search for a purpose, a more humane and conscious look at exogenous issues. Since 2012, there has been a movement of integration on the part of Côte D’ivoire in discussions that permeate the Green Economy, and what can be observed after that year are constant searches by public and private institutions and interested people, who are more attentive and demanding in relation to socio-environmental contexts (Kenis & Lievens, 2015). Originating from an initiative led by the United Nations (UN), with the support of financial institutions from various countries, including Côte D’ivoire, the acronym first appeared in the Who Cares Wins report in 2005 (Kumar et al., 2023). Isolating each term, environmental responsibility practices are parameters that can be observed by major investors to validate whether companies are acting in favour of the environment, with actions that can contain climate change, reduce carbon emissions into the atmosphere, be aware of the use of natural resources and focus on waste disposal, whether recycling or reuse, for example. Social practice, on the other hand, is mainly reflected in the company’s attention to health, safety, and support for the surrounding communities, gender equity and the diversity of its employees. Finally, governance is categorized by companies that have independent and diverse boards with a well-structured policy aimed at the company’s internal and external balance. In addition, it is important that they are not involved in scandals, that they are transparent to the financial market and that they create committees dedicated to the issues surrounding the topic. In general terms, the environmental, social and governance (ESG) strategy “includes caring for the environment, developing a culture of social responsibility and adopting best governance practices” (Tarmuji et al., 2016). With this, we can see that, in addition to being a relevant trend to be discussed in today’s society, adapting to good environmental, social and corporate governance practices is increasingly becoming a prerequisite for competitiveness in the performance of institutions that care about future generations, and especially about their